Dollar Rises as Middle East Conflict Intensifies -- Market Talk
Dow Jones03-23
0741 GMT - The dollar rises as the intensifying Middle East conflict boosts safe-haven assets and energy prices. President Trump at the weekend threatened to attack Iranian power plants if the Strait of Hormuz isn't opened within 48 hours. Iran warned that it would respond to any such attacks. The dollar benefits from its safe-haven status as well as from America's energy independence. Higher energy prices have also prompted markets to pivot towards pricing in the chance of the Federal Reserve raising interest rates this year, LSEG data show. The DXY dollar index rises 0.2% to 99.812.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 03:41 ET (07:41 GMT)
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